Great Location. Mix Use rented Tower in Majaz Sharjah

Exclusive with Cluttons!

A beautiful mix use building for sale in Sharjah, Majaz 2.
Al Majaz is an area in Sharjah which has in the recent past become hugely popular among the citizens and residents. Al Majaz is divided into Al Majaz 1, Al Majaz 2 and Al Majaz 3, and they are situated around the Khalid lagoon.

Project Details:
GROUND + 18 STOREY TOWER

GROUND FLOOR: 2 RETAILS
FIRST FLOOR: 7 OFFICES
2nd to 18th Floors: 119 Apartments (17 x 3beds & 102 x 2beds)
Plot Size: Sqm (Corner Plot)

GROSS YEARLY INCOME: AED 7,300,000 approx.
Net rental yield: 5.6%

SELLING PRICE: AED 70,000,000

About Sharjah

Sharjah has an approximate area of 236 kmxb2
Third largest and third most populous city in the United Arab Emirates
Located along the northern coast of the Arabian Peninsula.
Known for being more conservative than its southern neighbor, Dubai, Sharjah is widely considered the nationu2019s cultural capital.
Contributes significantly to UAE economy making it a key player in economic development.
Sharjah enjoys strong tenant demand / high occupancy rates .
Demand for rented accommodation is expected to continue to be buoyed by expanding level of economic activity and job creation.
Political instability across parts of the Middle East has continued to generate a steady stream of new tenants for Sharjah.

For Inquiries and Viewing, call our Sales Department on

Office Location: 2702-C Marzouqi Towers, King Faisal Street, Qasimia, Sharjah, UAE

Cluttons is an international real estate services company with almost 40 years experience in the UAE. Cluttons operates in both the residential and commercial property markets with services including residential sales and lettings, commercial leasing and investment, consultancy, property management and valuation. Whether managing a large portfolio for a corporate client, or helping a family find the perfect home, we make it easy.